Porsche pauses electric 718 Boxster, Cayman models' development
Porsche is rethinking its electric 718 Boxster and Cayman models after delays, higher costs, and low EV demand.
New CEO Michael Leiters, who just started in January 2026, is weighing the future of these cars as the company faces budget pressure.
Porsche halted production of gas-powered 718s in 2025
Porsche stopped making gas-powered 718s in 2025 after a solid sales bump in 2024.
The next-gen lineup was supposed to go all-electric, but consumer preferences and an ever-changing regulatory climate pushed Porsche to consider bringing back combustion engines—slowing everything down.
The company's facing falling sales in China and US tariffs
The company's dealing with falling sales in China, US tariffs, and a €1.8 billion profit hit from reversing its EV plans.
Shares have slipped 9% this year despite a brief uptick, while underused factories and tricky labor talks add to the pressure.